Lester Hadsell

Netzer 223

SUNY Oneonta

Oneonta, NY 13820

(607) 436-2448

Academic positions

College at Oneonta, State University of New York, Division of Economics and Business,

Assistant Professor, 2007-present.

University at Albany, State University of New York, School of Business

Visiting Assistant Professor 2000-07; Lecturer (part-time) 1998-00;

Department of Economics: Visiting Assistant Professor 2000-01; Lecturer 1999-00.

Rensselaer Polytechnic Institute, Department of Economics

Lecturer (part-time), 2005-07; Teaching Assistant, 1997-98.

Siena College, Department of Economics, Lecturer (part-time), 1997 and 2003-04.

Education

Ph.D., Economics, Rensselaer Polytechnic Institute, 1999; M.A., Economics, SUNY Albany, 1994; B.A., Economics, SUNY Albany, 1991

Papers in refereed journals

“Seasonal Homes and the Local Property Tax: Evidence from New York State.” With Chad Colarusso. American Journal of Economics and Sociology. Forthcoming.

“Day Ahead Premiums on the New England ISO.” Electricity Journal. Forthcoming.

"The Effect of Quiz Timing on Exam Performance." Journal of Education for Business. Forthcoming.

“Second Homes in the Adirondack Park and their Impact on Property Taxes.” With Chad Colarusso. Adirondack Journal of Environmental Studies 14(2). 2008: 28-33.

"Collateral Requirements For Virtual Transactions On The NYISO." Electricity Journal 20(9). November 2007: 47-54.

“One-Day Forward Premiums and the Impact of Virtual Bidding on the New York Wholesale Electricity Market Using Hourly Data." With Hany Shawky. Journal of Futures Markets 27(11). November 2007: 1107-1125.

"The Impact of Virtual Bidding on Price Volatility in New York's Wholesale Electricity Market." Economics Letters 95(1). April 2007: 66-72.

"Computers, Learning Outcomes, and the Choices Facing Students." With Gerald T. Burke. Eastern Economic Journal Winter 2007.

"Electricity Price Volatility and the Marginal Cost of Congestion: An Empirical Study of Peak-Hours on the NYISO Market, 2001-2004." With Hany Shawky. Energy Journal 27(2). 2006: 157-179.

“A TARCH Examination of the Return Volatility-Volume Relationship in Electricity Futures.” Applied Financial Economics 16(12). 2006: 893-901.

"Exploring Values: Three Classroom Exercises for Introductory Economics." American Economist 49(2). 2005: 51-59.

"Bond Pricing: Two Classroom Exercises for Capital Markets Courses." Advances in Financial Education Fall 2005: 7-24.

"Estimating the Volatility Of Wholesale Electricity Spot Prices in the US." With Achla Marathe and Hany Shawky. Energy Journal 25(4). 2004: 23-40.

"Large Retailers, Economic Development, and the Local Property Tax Base: Evidence From Wal-Mart in New York State." New York Economic Review 32. Fall 2002: 27-41.

Other published works

“Review of The Local Economic Impact of Wal-Mart by Michael J. Hicks.” Eastern Economic Journal. Forthcoming.

"Putting ‘Grade-Hounds’ to Productive Work: Classroom Exercises." Papers and Proceedings, Thirteenth Annual Teaching Economics Conference, Robert Morris University, Spring 2002: 37-43.

"Growth, But at What Cost?" Op-ed, Albany Times Union, Albany, New York, July 30, 1995.

Papers currently in-progress

"Electricity Prices on the New England ISO." Submitted for review.

“Grade Dropping, Grade Inflation, and Student Satisficing.” With Raymond MacDermott. Submitted for review.

"Promoting a Learning Orientation in the Economics Classroom by De-emphasizing Grades."

"Student perceptions of current and ideal learning and grading orientations in economics courses." With Raymond MacDermott and Mary Mallia.

“Efficiency in the Transmission Congestion Contract Market on the New York ISO.” With Hany Shawky.

Presentations at academic conferences

"Promoting a Learning Orientation in the Economics Classroom by De-emphasizing Grades." ASSA annual meetings, session sponsored by the AEA Committee on Economic Education. New Orleans, LA, January 2008

“Learning styles, grading practices, and student performance.” New York State Economic Association 60th Annual Conference. Albany, NY, October 2007.

“Deregulated Electricity Markets: The Evidence So Far.” New York State Economic Association 60th Annual Conference. Albany, NY, October 2007.

“Seasonal Homes and the Local Property Tax: An Empirical Study of Upstate New York.” With Chad Colarusso Adirondack Research Consortium, Fourteenth Annual Conference. Tupper Lake, NY, May 24, 2007.

“Effects of anonymity and discovery on market behavior.” Southern Economic Association Annual Conference. Charleston, SC, November 2006.

“Premiums in the New York State Wholesale Electricity Market.” Southern Economic Association Annual Conference. Washington, DC, November 2005.

“Exploring Markets: A Casebook for Introductory and Intermediate Economic.” Southern Economic Association Annual Conference. Washington, DC, November 2005.

“Premiums in the New York State Wholesale Electricity Market.” New York State Economic Association 58th Annual Conference. Geneva, NY, October 2005.

“Factors affecting student choice of business school.” New York State Economic Association 58th Annual Conference. Geneva, NY, October 2005.

"Volatility of Electricity Prices: NYISO 2000-2004." Southern Economic Association Annual Conference. New Orleans, November 2004.

"Volatility of Electricity Prices: NYISO 2000-2004." New York State Economic Association 57th Annual Conference. Ithaca, NY, October 2004.

"Putting ‘Grade-Hounds’ to Productive Work." Robert-Morris University Conference on Teaching Economics. Pittsburgh, PA, February 2002.

"The Dog that Didn't Bark: What's missing from Introductory Economics Texts." Robert-Morris University Conference on Teaching Economics. Pittsburgh, PA, February 2002.

"Teaching Economic Fundamentals using The Executive Game." ASSA Annual Meeting. Session sponsored by the National Council on Economic Education and the National Association of Economic Educators. New Orleans, LA, January 2001.

"Large Retailers and Rural Economic Development." Adirondack Research Consortium, Seventh Annual Conference. Saranac Lake, NY, May 2000.

Other presentations, interviews

"Ethics in Finance." SUNY Albany School of Business Ethics Series for MBA students, February 2005. With David Smith.

"Upcoming presentation on Wal-Mart and property taxes." Interview, North Country Public Radio. September 28, 2004.

"Wal-Mart and Your Property Tax." Presented at a forum sponsored by Citizens for Responsible Growth." Potsdam, NY, September 29, 2004.

"Ethics in Finance." SUNY Albany School of Business Ethics Series for MBA students, April 2004. With Chris Faugere and Bill Ding.

"The Executive Game in my MBA Econ Course." SUNY Albany School of Business Lecture Series, April 2002.

"Large Retailers and Rural Economic Development." Microeconomics Workshop, SUNY Albany Department of Economics, May 2000.

Service to the profession

Referee for Applied Economics, Energy Journal, Quarterly Review of Economics and Finance, New York Economic Review, Utilities Policy, Journal of the Academy of Business Education, Applied Financial Economics

Consulting editor, Journal of Education for Business

Discussant, ASSA Annual Meeting. Session sponsored by the National Council on Economic Education and the National Association of Economic Educators. New Orleans, LA, January 2008.

Session Chair, New York State Economic Association 60th Annual Conference. Albany, NY, October 2007

Discussant, New York State Economic Association 60th Annual Conference. Albany, NY, October 2007

Discussant, Southern Economic Association Annual Conference, Charleston, November 2006.

Discussant, Eastern Economic Association Annual Conference, Philadelphia, February 2006.

Discussant, ASSA Annual Meeting. Session sponsored by the National Council on Economic Education and the National Association of Economic Educators. Boston, MA, January 2006.

Discussant, Southern Economic Association Annual Conference, Washington, November 2005.

Discussant, N.Y. State Economic Association 58th Annual Conference, Geneva, NY, October 2005.

Session Chair, Eastern Economic Association Annual Conference, New York City, March 2005.

Discussant, Eastern Economic Association Annual Conference, New York City, March 2005.

Discussant, Southern Economic Association Annual Conference, New Orleans, November 2004.

Discussant, N.Y. State Economic Association 57th Annual Conference, Ithaca, NY, October 2004.

Reviewer of numerous textbooks (economics and finance).

Service to the College

Member, College Library Committee (Economics, Finance, and Accounting representative), 2007-present.

Alternate, College Senate, SUNY Oneonta Division of Economics and Business, 2007-present.

Member, SUNY Albany School of Business Graduate Affairs Committee, 2005-2007.

Member, SUNY Albany School of Business Instruction and Technology Committee, 2001-03 and 2004-2005.

Member, SUNY Albany School of Business Undergraduate Affairs Committee, 2003-2004.

Courses taught

Graduate courses: Economic Analysis (MBA Managerial Economics)

Principles of Finance/Economic Analysis (Weekend MBA)

Financial Markets: History, Psychology, & Ethics (MBA)

Research Project/Master’s Thesis

Undergraduate courses: Industrial Organization

Intermediate Microeconomics

Managerial Economics

Public Finance

Principles of Microeconomics

Principles of Macroeconomics

Government and Business

Principles of Economics (one semester micro-macro)

Economics in the News (senior level, writing intensive)

Principles of Finance/Financial Management

Money and Capital Markets

Teaching seminars and workshops attended

National

McGraw-Hill/Irwin Corporate Finance Symposium, New Orleans, LA, March 1-4, 2007.

Master Teacher Program (5 days), Georgia State University, May 2002.

On-campus (at UAlbany Center for Effective Teaching and Learning, CETL)

"A Simple Plan… to foster critical thinking and independent learning.” Spring 2007.

"Integrating Technology and Developing Critical Thinking: Making Use of an Online Discussion Board and Creating Resources for Writing." Fall 2006.

"Dynamic Classroom Teaching." Fall 2003.

"Teaching Large Section Courses." Spring 2002.

"WEBCT Best Practices." Spring 2002.

"Teaching Writing-Intensive Courses." Fall 2000.

Other recent experience

Owner, DART Premiums (Electricity trading company)

Active professional affiliations